According to an article in the New York Post, Electronic Arts is exploring the possibility of a purchase with two private equity firms: KKR and Providence Equity Partners. The sources feeding the NYP this information claim that all parties involved are in the early discussion phase of the process.

"They’ve made it known they’d do a deal at $20 a share," one unnamed source familiar with the company told the New York Post.

EA has an estimated market cap of $4 billion. Its stock has seen a 37 percent drop so far this year. As of this writing, the company's stock is trading at 13.76, up 5.04 percent. No doubt this rumor is helping it a little bit.

EA and KKP told the publication that they do not comment on rumors and speculation, while Providence Equity Partners did not return their calls.

While we think this report is highly speculative, we will continue to follow this story as it develops... Thanks to Andrew Eisen for the tip.